Orient Paper & Industries said its net loss for the quarter ended June 2015 has narrowed to Rs 59.00. During the quarter, the in the same quarter previous year.
Revenues for the quarter rose 7.81% to Rs 4,237.86 million, compared with Rs 3,931 million for the prior year period.
Total expenses as a percent of revenues decreased to 99.30 percent from 106.26 percent in the same period last year. This has led to an improvement of 696 basis points in operating margin to 0.70 percent.
Operating margin for the quarter stood at positive 6.26 percent as compared to a negative 6.26 percent for the previous year period. Operating Income for the quarter was Rs 29.57 million, compared with an operating loss of Rs 246.12 million in the previous year period.
Earnings per share stood negative at Rs 0.29 compared with negative Rs 1.09 in the same quarter last year.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 15 | Jun - 14 | %Change |
Revenues | 4,237.86 | 3,930.92 | 7.81 |
Net Profit | (59.00) | (222.94) | - |
Diluted EPS | (0.29) | (1.09) | - |
Shares of the company gained Rs 0.65, or 2.14%, to trade at Rs 31.05. The total volume of shares traded was 945,856 at the BSE (3.35 p.m., Wednesday).